The Role of Family in Family Firms
探讨家族企业为何普遍存在，以及家族控制对其治理、融资和整体绩效的影响，通过历史案例说明家族企业的兴衰。
History is replete with examples of spectacular ascents of family businesses. Yet there are also numerous accounts of family businesses brought down by bitter feuds among family members, disappointed expectations between generations, and tragic sagas of later generations unable to manage their wealth. A large fraction of businesses throughout the world are organized around families. Why are family firms so prevalent? What are the implications of family control for the governance, financing and overall performance of these businesses?